India's Hero MotoCorp operating profit may lag estimates- StarMine

Written by Reuters | India | Updated: Jul 24 2013, 19:57pm hrs
StarMineIndia's Hero MotoCorp operating profit may lag estimates- StarMine
India's Hero MotoCorp Ltd may miss the consensus forecast for the April-June quarter operating profit when it reports results later in the day, according to Thomson Reuters StarMine data.

StarMine's Smart Estimates, which places greater emphasis on forecasts by top-rated analysts, expects Hero MotoCorp to report operating profit of 7.90 billion rupees for the quarter, compared with a consensus mean estimate of 8.13 billion rupees. Hero MotoCorp shares were down 0.4 percent at 0552 GMT, compared with a 1.7 percent fall in the NSE index